Gas Prices Surge to $4, Hitting Drivers Hard

0:00Gas prices across the U.S. just top $4 a gallon on average, the highest since 2022, and its hitting drivers hard amid the Iran conflict. Jebber A reports this spike follows a surge in oil prices after President Trump's speech promising tough action against Iran, asking folks for patience as. Markets react wildly. Oil has been jumping daily, with wholesale costs for stations changing multiple times a day, forcing pumps to hike prices just to keep up. Global tensions, like issues in the Strait of Hormuz, are fueling this mess, and it's got everyone from big refiners to corner stops scrambling. Drivers are out here playing gas roulette, timing Phillips or hunting cheap spots, feeling squeezed on their budgets. Station owners like those in Minneapolis say they're watching customers cut back, with tighter margins from rising fees and pump costs. They're not. Gouging, just passing on the pain while looking folks in the eye. This swing wild by state, city, even block, based on refinery distance, competition, and

1:02volume. Stations near rivals drop signs to lure you in for snacks, but higher pump costs often mean less spending inside, so retailers aren't caching in big. Upstream oil extractors and refiners grab most profits here, though even their wary if prices kill demand long term. For now, brace for more ups and downs at the pump till tensions ease. This has been Anchorage News Today, powered by AI, I'm Corey, with the story.